Chapter 536: Cut interest rates!

The cabinet's economic meeting Shangwen also invited Yingyu. Because economic meetings without the participation of banks seem very helpless. Stimulating further economic development requires stimulating currency. Qin's economy is inseparable from currency. Especially since the issuance of banknotes. The important position of currency is highlighted.

There are not many people in the cabinet economic meeting, mainly economic. As deputy prime minister, Meng Yi concurrently held another important department. That is the Minister of Economy. This responsibility includes the provision of important economic data. Statistical economic figures.

"Sit here quietly and just listen." Shang Wen soothed Ying Yu. It was the first time that Yingyu participated in such a meeting. The meeting was held in Shangwen's office, and people could just sit in a mess. Only Yingyu sat alone in a lonely position. This made Yingyu feel a little uncomfortable.

"These are some recent economic data." Shang Wen handed some documents to Meng Yi and asked Meng Yi to send it on. Those present here are all heads of economic departments under the control of Meng Yi.

"Judging from the current economic data. All of our development trends in Qin are very good. These have exceeded our expectations. Especially in agricultural production. We currently have more than 8,000 registered livestock farms, and the number of agricultural farms. It is relatively small, but the number is still huge, currently around five thousand. Grain statistics are temporarily unavailable. But according to the futures market judgment, this year’s grain output has more than doubled the previous year’s output. In particular, the output of wheat has appeared. A sharp increase in the number." Shang Wen said with the report in his hand.

Yingyu had nothing to do with the data in his hand. She didn't know what Shang Wen was going to do.

"In addition, the news from the taxation department. Because our country implements a low tax policy. Although the amount of tax collected is very small. However, our tax base is rapidly increasing. Taxes mainly come from personal income tax and stamp duty. , Already foreign trade tax." Shang Wen said about taxation.

"Because it has not yet arrived in May, the next year's taxes will not be paid. At present, we still rely on stamp duty and foreign trade tax to maintain the operation of the government. This tax totals more than 2.21 million yuan." This expropriated figure can reflect the rapid development of Qin's economic aggregate in a short period of time.

"These are not achievements we want to show off, on the contrary, we have some major problems." Shang Wen said.

"First of all, a lot of private funds poured into the bank. Although the loan situation is good, people are obviously willing to put the money in the bank. The problem here is very big." Shang Wen said.

Yingyu was about to speak, but Shangwen motioned not to move.

"Second, it is the land issue. The other direction of capital inflow is land. The expansion of Qin’s farms and livestock ranches far exceeds our expectations. The expansion of these farms and ranches will provide a large amount of money for us, Qin people. , Even the food supply and meat supply of the entire six countries for several years. The quantity is enough." Shang Wen said. Meng Yi shook his head and smiled after listening. Qin State was still the first to produce more food and meat and was troubled. In the past, King Qin always cared about grain output, but he couldn't increase it. But since the large tracts of land were concentrated in the hands of a few people, Qin's grain suddenly rose to a new height, and Meng Yi was very clear about this situation. The National Treasury passed the futures trading platform, and grain prices were at a low level at that time. Qin Guo bought a large amount of grain, but the price of grain rose by only two cents. In the homes of the farmers who visited, grain was piled up everywhere. Although the price was not at a loss, the farmers were still willing to ship the grain out and sell it. Or use it to make wine. Anyway, the food is terrible. For this reason, Qin Guo made a special order to make wine. Large-scale liberalization of the wine industry. Food production will increase.

"The last problem is that although our capital investment in some industrial production has increased a lot. However, the rate of increase is slowing down. The problem is that some people have invested capital in the first two problems." Shang Wen Said.

"So, the solution I proposed is to control the first two problems and solve the third problem." Shang Wen said.

"I. I." Ying Yu suddenly raised her hand and said. Shang Wen motioned to her and said.

"Do you want us to cut interest rates?" Yingyu said happily.

Shang Wen was surprised. This is exactly what I am going to propose the next rectification plan, starting from the financial system. Then pull other industries. The interest rate cut will be the first to be completed. Unexpectedly, Yingyu actually proposed it first.

"Go on." Shang Wen gestured.

"If our bank lowers the interest rate to less than one cent, then the deposits deposited in the bank will be reduced, and at the same time, the threshold for loans will be lowered, which will greatly stimulate the development of the investment field. For example, our stock market, as well as futures The market, as well as the reintegration of a large amount of capital, began to set up trading banks, carts and horses, or enter other industries. Our bank deposits are already very high. There is still a certain gap between deposits and loans, but this gap is To shrink, this is very stressful for our bank. We need to take measures to reduce this risk and provide us with the utilization rate of funds. Only with loans can we make money." Yingyu said with the information.

Shang Wen nodded. Although Meng Yi knew the role of banks was great. But he still doesn't know the specific operation situation very well. Because he is also studying. Especially in certain specific areas. The concept of capital has only recently appeared frequently in his notebook.

"Very good. The first step of our plan is to cut interest rates. A large-scale interest rate cut. Moreover, the government has to launch a series of measures, such as the issuance of government bonds and the construction of a series of infrastructure. These measures will help us improve the current situation. Unfavorable situation." Shang Wen said.

"The specific plan. I just listed it preliminary. If you have anything to add, please add it above." Shang Wen said.

"Okay. The others can go out." Shang Wen gestured. The others go out. Yingyu packed the documents into her bag and was about to leave. Shang Wen motioned not to move.

"You didn't make the idea of ​​lowering the interest rate, right?" Shang Wen said.

"Hey. You're right. It's not my idea. It's my subordinates, I paid so many people to hire so many subordinates. Why can't they come up with an idea?" Yingyu said, shaking her hair with her hand.

"It's certainly not easy for someone who can propose to cut interest rates. I want to get to know. Or in the future, this person can be the prime minister or deputy prime minister. Or maybe the minister of economy." Shang Wen said.